Terms Used In Rhode Island General Laws 27-2.6-2

• business of title insurance: means ":

  (i)  Issuing as insurer or offering to issue as insurer, a title insurance policy;

  (ii)  Transacting or proposing to transact by a title insurer any of the following activities when conducted or performed in contemplation of, or in conjunction with, the issuance of a title insurance policy:

  (A)  Soliciting or negotiating the issuance of a title insurance policy;

  (B)  Guaranteeing, warranting or otherwise insuring the correctness of title searches for all instruments affecting titles to real property, any interest in real property, cooperative units and proprietary leases and for all liens or charges affecting the same;

  (C)  Handling of escrows, settlements or closings;

  (D)  Executing title insurance policies;

  (E)  Effecting contracts of reinsurance. See Rhode Island General Laws 27-2.6-3

History of Section.
P.L. 2010, ch. 58, § 1; P.L. 2010, ch. 66, § 1.